Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 10,255 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Jessica Hertz sold 10,255 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$156.30, for a total value of C$1,602,815.48.

Shopify Trading Down 1.2%

SHOP opened at C$153.93 on Friday. The company has a fifty day moving average price of C$132.25 and a two-hundred day moving average price of C$146.98. Shopify Inc. has a 1-year low of C$72.36 and a 1-year high of C$183.53. The company has a market cap of C$143.36 billion, a P/E ratio of 69.69, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHOP. ATB Capital lifted their price objective on Shopify from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Mizuho boosted their price objective on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.